Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, promoted David Gagnon to vice president of the firm’s newly created strategy and sales operations division and promoted Philippe Frenette to vice president of risk, portfolio management and credit.
Francis C. Meagher joined Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, as vice president of legal affairs and senior counsel for institutional transactions and special loans.
Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, designed a C$15 million ($10.99 million) floorplan financing solution for a transportation solutions provider to expand its physical presence across Canada and maximize its working capital.
Mitsubishi HC Capital America and its subsidiary Mitsubishi HC Capital Canada, as well as Mitsubishi HC Capital (U.S.A.) and ENGS Commercial Finance, merged to create a North American non-bank, non-captive finance provider with more than $7.5 billion in owned and managed assets.
Mitsubishi HC Capital Canada completed its inaugural United Way campaign, donating $77,000 to the organization through employee contributions and company-matching funds.
The Lion Electric Company, a manufacturer of all-electric medium- and heavy-duty vehicles, entered into an agreement with Mitsubishi HC Capital Canada and ENGS Commercial Finance to provide financing solutions to Lion Electric school bus and truck customers.
Pivotal Capital, a wholly-owned subsidiary if Axis Auto Finance, secured $55 million in funding facilities from Mitsubishi HC Capital Canada. Pivotal Capital will use the facility to finance and purchase the payment receivables generated from commercial finance contracts.